Tax Evasion in Troy, New York

Find the right Tax Evasion attorney in Troy, NY

Tax Evasion Lawyers in Troy

Tax Evasion in New York is a criminal act in which someone deliberately fails to pay their taxes.

There are a few strategies that tax evaders use in Troy, New York. One of the most frequent tactics is to make it appear that the taxpayer has less taxable income than they actually do. There are a wide number of ways to hide income for the purpose of evading one's tax liability, but all of them are illegal.

"Tax evasion" should not be confused with "tax avoidance." Tax evasion is the act of deliberately attempting to get out of one's tax liability through unlawful means. Tax avoidance is perfectly legal, and involves utilizing legal strategies (such as taking advantage of deductions and tax credits) to reduce one's legal tax liability. However, someone engaging in tax avoidance typically intends to pay whatever they end up owing, even as they try to reduce the amount they owe.

Penalties for Tax Evasion in Troy, New York

Under the laws of New York, as well as federal law, tax evasion is a very egregious criminal offense.

Punishments for evading one's taxes in Troy range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.

In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion usually mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.

But, if the government can prove that a defendant in Troy, New York deliberately concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.

A Troy, New York Tax Evasion Lawyer Can Help

An attorney in Troy, New York specializing in tax law can help you adhere with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.

If the government really charges you with tax evasion, it cannot be stressed enough that you need the assistance of a seasoned Troy, New York tax attorney. Assuming you're actually innocent, your tax lawyer can help you prepare a defense, and ensure that you have a good chance of being found not guilty. On top of that, they can make getting through such a difficult time much easier.

Talk to a Tax Law Attorney now!

Life in Troy

Troy is the county seat of Rensselaer County, New York. The city was settled as early as 1787 and currently lists its population at about 49,000 people. Troy is nicknamed "the Collar City" on account of its history of producing shirts, collars, and other types of clothing.

Troy is also famous for its connection with Samuel Wilson, who is thought to be the basis for "Uncle Sam". Uncle Sam is the personified character of America, and he lived near Riverfront Park in Troy. A memorial there commemorates his life and inspiration to the country.

Currently, Troy preserves a great deal of Victorian architecture in the Central Troy Historic District. Another beautiful place to visit is Franklin Plaza, where an elaborately designed ballroom makes formal occasions even more elegant.

Troy is a festive and thriving city. According to recent statistics, the city has not been affected by economic conditions as much as other areas in the nation. Some popular events in Troy include the Troy Flag Day Parade, the Uncle Sam Parade, the Troy Turkey Trot, and Troy Night Out. Residents and visitors alike can catch a glimpse of early American culture simply by being in Troy.

Troy lawyers usually represent their clients at the Troy City Court. Much like Uncle Sam, lawyers in Troy City, New York exemplify the American ideals of justice and equality.

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